“We maintain our aim to be in the market each quarter.”

In context

“to desktop, Desktop ecosystem revenue grew 6%, in Q3, with QuickBooks desktop enterprise revenue growing in the high single digits. Now shifting to our balance sheet and capital allocation. Our financial principles guide the decisions. They remain our long-term commitment and are unchanged. We finished the quarter with approximately $6.8 billion in cash, and investments and $6.2 billion in debt on our balance sheet. We are leaning meaningfully into share repurchases this year. We repurchased $1.6 billion of stock during the third quarter. More than double the same period last year. In the 2026, share repurchases are up over 60% versus last year. This reflects both our strong conviction in our long term trajectory and our belief that our shares represent compelling value at current levels. We maintain our aim to be in the market each quarter. The Board approved a quarterly dividend of $1.02 per share. Payable on July 17, 2026. This represents a 15% increase versus last year. Delivering long term shareholder value is central to how we manage the company. We continue to execute on opportunities to drive margin expansion over time through a disciplined approach to capital management, and ongoing efficiency gains. As Sasan mentioned, we announced today the decision to reduce our full time workforce by approximately 17%. This leaner structure will accelerate how we operate with greater focus. Speed, agility and an even stronger commitment to profitability. We are committed to delivering annual EPS growth of at least mid teens over the coming years. While these decisions are never easy, they are a reflection of our disciplined appro”